NZ FinMin Robertson: Govt to regulate to stop insurer misconduct

New Zealand Finance Minister Robertson is on the wires now, via Livesquawk, noting that the government will regulate to stop insurer misconduct.

Meanwhile, the Reserve Bank of New Zealand (RBNZ) reported the following comments earlier today on the life insurers.

Life insurers show weakness in systems, governance.

Life insurers need to act urgently to address weaknesses.

Sees instances of poor conduct at life insurers.